NICOLET BANKSHARES INC (NIC) FY2025 10-K Annual Report
NICOLET BANKSHARES INC (NIC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
NICOLET BANKSHARES INC FY2025 10-K Analysis
Business Overview
- • Core business: Community banking with lending and deposit services
- • Emphasis on expanded share repurchase program, $76.6M repurchased in 2025 vs $10.1M prior year
Management Discussion & Analysis
- • Revenue $392M total net interest ($306M) + noninterest income ($86M), net interest income up 14% YoY (+$38M) from $268M in 2024
- • Operating margin (net interest margin) 3.76% in 2025 vs 3.47% in 2024, return on average assets 1.68% vs 1.45%, return on common equity 12.58% vs 11.27%
Risk Factors
- • Regulatory risk from banking and securities laws, ongoing compliance costs with U.S. banking, deposit, insurance, and securities regulations
- • Geographic concentration risk with 77% of loans commercial-related, focused in Wisconsin, Michigan, Minnesota markets
NICOLET BANKSHARES INC FY2025 Key Financial MetricsXBRL
Revenue
$471M
▲ +7.4% YoY
Net Income
$151M
▲ +21.5% YoY
Net Margin
32.0%
▲ +370bp YoY
ROE
12.0%
▲ +140bp YoY
Total Assets
$9.2B
▲ +4.4% YoY
EPS (Diluted)
$9.78
▲ +21.5% YoY
Operating Cash Flow
$154M
▲ +14.8% YoY
Source: XBRL data from NICOLET BANKSHARES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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